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MIE-201 Exam 2 practice Questions With Solutions 100% Solved
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MIE-201 Exam 2 practice Questions With Solutions 100% Solved General idea for a new business Jessica teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the steps involved in starting a business. She plans to introduce the steps ...

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  • October 7, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • MIE-201

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MIE-201 Exam 2 practice Questions With
Solutions 100% Solved

General idea for a new business Jessica teaches business studies in a reputed college. As

part of the curriculum, she needs to demonstrate to her students the steps involved in starting a

business. She plans to introduce the steps in a sequential order and ask her students to present

their views and provide examples with each step. This is the first step she discusses:




Narrow market niches or product needs When a small business focuses on these, it helps

the firm develop enviable reputations for quality and service.




Acquisition PhoneI Inc., a mobile phone manufacturer, purchases its direct competitor,

Anbotic Inc., by buying most of its stock. In this scenario, PhoneI is involved it a(n):




Critical path In the program Evaluation and review Technique (PERT), the _______

determines the minimum amount of time in which a process can be completed.




ISO 14000 ________ is a comprehensive set of environmental standards that encourages

companies to conduct business in a cleaner, safer, and less wasteful way.

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